FURTHER DEPOSIT Clause Samples
The 'Further Deposit' clause requires a party, typically the buyer in a transaction, to pay an additional sum of money beyond the initial deposit at a specified stage of the agreement. This further deposit may be triggered by certain milestones, such as the completion of due diligence or the satisfaction of specific conditions precedent. By structuring payments in stages, the clause helps to demonstrate the buyer's ongoing commitment and provides the seller with increased financial security as the transaction progresses.
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FURTHER DEPOSIT. R (See clause 3.2 of the Contract of Sale) (1.7.1 and 1.7.2 must equal 10% of the Purchase Price)
FURTHER DEPOSIT. A further deposit of R ( ) within working days from date of singing this agreement into the trust account of the transferring attorneys, to be invested in terms of Section 78(2)(A), any interest earned for benefit of the Purchaser.
FURTHER DEPOSIT. At the time of the execution hereof, Buyer has deposited with the Escrow Agent an additional deposit of $25,000. Collectively, the deposits paid by Buyer to the Escrow Agent as of the date hereof are referred to herein as the, “Deposits.”
FURTHER DEPOSIT. GUARANTEE NO.1 in the amount of: R It is payable to the Conveyancer’s trust account within 30 (thirty) days of the Conveyancer’s request therefor. In the case of a guarantee being issued, it is to be made payable on Date of Transfer and secured by delivery thereof to the Conveyancers within 30 (thirty) days of the Conveyancer’s request therefor. The guarantee shall be irrevocable, unconditional and issued by a financial institution in a form and on terms acceptable to the Conveyancers.
FURTHER DEPOSIT. GUARANTEE(S) R (See clause 3.5 of the Contract of Sale)
FURTHER DEPOSIT. If any deduction is made by the Landlord from the Deposit and the Reinstatement Deposit during the Term the Tenant shall immediately following demand by the Landlord make a further deposit equal to the amount deducted and failure by the Tenant to do so shall entitle the Landlord to re-enter the Premises and to end this Agreement without prejudice to any other rights or remedies the Landlord may have under this Agreement.
FURTHER DEPOSIT. The City may at any time require payment of further deposits (Further Deposits) beyond that indicated in the Hiring Agreement on account of charges that are or may, in the City’s reasonable opinion, become due including any third party charges. These may exceed the charges indicated, but will be communicated to the Hirer as soon as the City becomes aware of them. The Hirer must pay any Further Deposit required within the period specified by the City.
FURTHER DEPOSIT. Deposit Due: Dollars ($ .00) The balance of the Purchase Price, in lawful money of Canada, is payable by certified cheque on the Closing Date and subject to adjustments. The following Schedules attached hereto form part of this agreement.
FURTHER DEPOSIT. A further deposit of R ( ) within